Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.039%

Price spread now: Bybit against Coinbase International+0.054%7-day average −0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.482%−$48 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.054%, 7d avg −0.072%

Together, before fees−0.511%−$51 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.126% dearer against Coinbase International than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of −0.072%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 7 days (−0.482% in total) that is about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MRVL-PERP-INTX	259.84	0.0032	pay 0.0004% / 1h	26m 09s	$334K	$630K	10x
Short	Bybit MRVLUSDT	259.98	0	get 0.0000% / 8h	5h 26m	$5.1M	$3.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BybitbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$6.72
Price spread: +0.054% → −0.072%: $12.55
Slippage, 4 orders: −$20.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$35.19
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 37 min ago; Bybit: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 37 min ago	4.42 bp	9.4 bp −$9	12.3 bp −$123	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.73 bp	11.6 bp −$12	25.1 bp −$251	doesn't fit	doesn't fit

MRVL on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MRVL-USDT	−0.0006%	8h	260.00	+0.062%	$376K	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.13	+0.113%	$312K	$330K	50x	as long as short
Bybit MRVLUSDTshort	0.0000%	8h	259.98	+0.054%	$5.1M	$3.8M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	260.06	+0.085%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.15	+0.119%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.15	+0.119%	$5.5M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.58	+0.285%	$717K	$653K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.22	+0.146%	$841	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.17	+0.127%	$2K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.02	+0.069%	$23K	$143K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	260.25	+0.158%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	260.11	+0.104%	$981	$50K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	260.11	+0.104%	$1.1M	$3.7M	10x	as long as short
Binance MRVLUSDT	+0.0030%	8h	260.12	+0.108%	$24.2M	$107.8M	50x	as long as short
Lighter MRVL	+0.0032%	1h	260.09	+0.096%	$94K	$204K	10x	as long as short
Extended MRVL-USD	+0.0032%	1h	260.06	+0.084%	$51K	$353K	10x	as long as short
Coinbase International MRVL-PERP-INTXlong	+0.0032%	1h	259.84	long leg	$334K	$630K	10x
Arcus MRVL-USD	+0.0040%	1h	259.95	+0.042%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.51	+0.258%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.98	+0.054%	$14.5M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.02	+0.069%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.06	+0.085%	$166	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.05	+0.081%	$575K	$692K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	260.03	+0.073%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.27	+0.165%	$514K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.43	+0.227%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.05	+0.081%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.07	+0.087%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0111%	1h	260.03	+0.072%	$89K	$274K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.46	+0.239%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+1.366%	$11K	$693	12x	as long as short
edgeX MRVLUSDC	+0.0889%	4h	260.30	+0.178%	$37K	$369K	10x	as long as short